Litecoin(LTC) - POW - Scrypt

Litecoin
is a peer-to-peer Internet currency that enables instant, near-zero
cost payments to anyone in the world. Litecoin is an open source, global
payment network that is fully decentralized without any central
authorities. Mathematics secures the network and empowers individuals to
control their own finances. Litecoin features faster transaction
confirmation times and improved storage efficiency than the leading
math-based currency.

The Bitcoin Store accepts Litecoin!

# Litecoin Foundation Logo (20 LTC)
Litecoin Foundation will be founded soon. Its tentative mission statement is:
To advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
Its main function is to raise funding to support full-time researchers and developers as well as marketers if necessary.
We are now calling for logo proposals. Twenty Litecoins, sponsored by Xinxi personally, will be awarded to the best one chosen by us. Plagiarism will be checked thoroughly.
Submissions should be made through this forum's private messages to @Xinxi in order to protect your design.
Your submission should include:
The logo in both png and vector format
A 32x32 favicono
All submissions will be made pubic for evaluation after the deadline.
The deadline will be Jan 25, 2017.
PS: If your account is new and thus cannot PM me, please reply the welcome PM that the system automatically sent to you so that I can raise your trust level.

# Development Update - Dec 30 2016
## This is the last development update of 2016. I wish you guys a happy new year!
## The development work of Litecoin 0.13.2 is almost done. There is really not much left to be done before the release.
## However, Thrasher a.k.a Adrian Gallagher, has spent quite a lot of time on the development recently, and as many of you guys, he also needs some rest especially when the New Year holiday is coming. He will be back to work on Monday (Jan 2, 2017), and the release of 0.13.2 will be shortly after that.
## If you want to know more detailed progress, feel free to check the code repository directly: https://github.com/thrasher-/litecoin/commits/0.13-dev19.
## Again, wish you a happy new year and hope all the preparation work we did in 2016 will bring a great 2017 to Litecoin!

Compatibility

Microsoft ended support for Windows XP on April 8th, 2014,
an OS initially released in 2001. This means that not even critical security
updates will be released anymore. Without security updates, using a litecoin
wallet on a XP machine is irresponsible at least.

In addition to that, with 0.12.x there have been varied reports of Bitcoin Core
randomly crashing on Windows XP. It is not clear
what the source of these crashes is, but it is likely that upstream
libraries such as Qt are no longer being tested on XP.

We do not have time nor resources to provide support for an OS that is
end-of-life. From 0.13.0 on, Windows XP is no longer supported. Users are
suggested to upgrade to a newer version of Windows, or install an alternative OS
that is supported.

No attempt is made to prevent installing or running the software on Windows XP,
you can still do so at your own risk, but do not expect it to work: do not
report issues about Windows XP to the issue tracker.

From 0.13.1 onwards OS X 10.7 is no longer supported. 0.13.0 was intended to work on 10.7+,
but severe issues with the libc++ version on 10.7.x keep it from running reliably.
0.13.1 now requires 10.8+, and will communicate that to 10.7 users, rather than crashing unexpectedly.

Notable changes

Signature validation using libsecp256k1

ECDSA signatures inside Litecoin transactions now use validation using
libsecp256k1 instead of OpenSSL.

Depending on the platform, this means a significant speedup for raw signature
validation speed. The advantage is largest on x86_64, where validation is over
five times faster. In practice, this translates to a raw reindexing and new
block validation times that are less than half of what it was before.

Libsecp256k1 has undergone very extensive testing and validation.

A side effect of this change is that libconsensus no longer depends on OpenSSL.

Reduce upload traffic

A major part of the outbound traffic is caused by serving historic blocks to
other nodes in initial block download state.

It is now possible to reduce the total upload traffic via the -maxuploadtarget
parameter. This is not a hard limit but a threshold to minimize the outbound
traffic. When the limit is about to be reached, the uploaded data is cut by not
serving historic blocks (blocks older than one week).
Moreover, any SPV peer is disconnected when they request a filtered block.

This option can be specified in MiB per day and is turned off by default
(-maxuploadtarget=0).
The recommended minimum is 144 * MAX_BLOCK_SIZE (currently 144MB) per day.

Whitelisted peers will never be disconnected, although their traffic counts for
calculating the target.

A more detailed documentation about keeping traffic low can be found in
/doc/reduce-traffic.md.

Direct headers announcement (BIP 130)

Between compatible peers, BIP 130
direct headers announcement is used. This means that blocks are advertised by
announcing their headers directly, instead of just announcing the hash. In a
reorganization, all new headers are sent, instead of just the new tip. This
can often prevent an extra roundtrip before the actual block is downloaded.

Memory pool limiting

Previous versions of Litecoin Core had their mempool limited by checking
a transaction's fees against the node's minimum relay fee. There was no
upper bound on the size of the mempool and attackers could send a large
number of transactions paying just slighly more than the default minimum
relay fee to crash nodes with relatively low RAM. A temporary workaround
for previous versions of Litecoin Core was to raise the default minimum
relay fee.

Litecoin Core 0.13.2 will have a strict maximum size on the mempool. The
default value is 300 MB and can be configured with the -maxmempool
parameter. Whenever a transaction would cause the mempool to exceed
its maximum size, the transaction that (along with in-mempool descendants) has
the lowest total feerate (as a package) will be evicted and the node's effective
minimum relay feerate will be increased to match this feerate plus the initial
minimum relay feerate. The initial minimum relay feerate is set to
1000 satoshis per kB.

Litecoin Core 0.13.2 also introduces new default policy limits on the length and
size of unconfirmed transaction chains that are allowed in the mempool
(generally limiting the length of unconfirmed chains to 25 transactions, with a
total size of 101 KB). These limits can be overriden using command line
arguments; see the extended help (--help -help-debug) for more information.

We at betbybitcoin would like to announce
sparkpool! Sparkpool is a PPLNS mining pool, pool named after my pagan
name sparky. The pool is one of the first to signal support for
segregated witness for Litecoin. The fee is 1% to cover our hosting
costs, which are $40USD a month, plus relay nodes to reduce orphan risk,
as we have set up relay nodes around the world.

We will offer promos and bonuses now and then! Our first promo is the
first block finder will receive a 2 LTC bonus to their mining address,
although we will announce the finder in this thread so we can pay them
their bonus.

After donating to the following Litecoin Foundation's address, you can notify @xinxi_wang
in telegram your payment and copy your suffix in the above table and
paste it after your name. Remember to put a space before this suffix.

Litecoin (LTC) New Exchange

CoinGate enables businesses to accept Litecoin

For Merchants and Businesses

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different Altcoins including Litecoin through integration with
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Receive payouts in EUR, USD or Bitcoin (we cover Bitcoin transaction
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CoinGate currently offers plugins/modules for various eCommerce
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Why choose us over competition?

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customers (hidden fees researched on Reddit: http://bit.ly/2sT1gI9)

Set your preferred invoice expiration time, from 15 minutes up to 24
hours, meaning no hassles with customers who use web wallets, third
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directly from the invoice. No need to contact support, either yours or
ours.

CoinGate also offers accepting underpayments up to a desired threshold.

We guarantee to answer support queries quickly (in 24 hours, but typically much faster). and to the point.

And just a couple of the measures we have taken to reduce the hassles
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